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March 4, 2022, 1:02 p.m. EST

Ivanhoe Mines Files a New NI 43-101 Technical Report for the Ultra-High-Grade Kipushi Mine in the DRC

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Kipushi, Democratic Republic of Congo, Mar 04, 2022 (Newsfile Corp via COMTEX) -- Kipushi, Democratic Republic of Congo--(Newsfile Corp. - March 4, 2022) - Ivanhoe Mines /zigman2/quotes/207656050/delayed CA:IVN +0.62% (otcqx:IVPAF) announced today that the company has filed a new National Instrument 43-101 (NI 43-101) technical report covering the planned resumption of commercial production at the Kipushi Mine in the Democratic Republic of Congo.

The updated NI 43-101 technical report includes an independent feasibility study (Kipushi 2022 Feasibility Study) for the redevelopment of the Kipushi Mine and the mining of Kipushi's zinc-rich Big Zinc and Southern Zinc zones, with an estimated 11.8 million tonnes of Measured and Indicated Mineral Resources grading 35.3% zinc.

The Kipushi 2022 Feasibility Study was independently prepared on a 100%-project basis by OreWin Pty. Ltd., MSA Group (Pty.) Ltd., SRK Consulting (Pty) Ltd. and METC Engineering.

The technical report titled " Kipushi 2022 Feasibility Study Technical Report " has been filed on the SEDAR website at www.sedar.com and on the Ivanhoe Mines website at www.ivanhoemines.com .

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604. 558.1034

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115684

COMTEX_403509638/2523/2022-03-04T13:02:01

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/zigman2/quotes/207656050/delayed
CA : Canada: Toronto
$ 8.11
+0.05 +0.62%
Volume: 1.21M
Sept. 26, 2022 4:00p
P/E Ratio
16.36
Dividend Yield
N/A
Market Cap
$9.78 billion
Rev. per Employee
N/A
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